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Nigerian Exchange Limited

Investors Lose N421 Billion as Stock Activity Level Drops

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Stock - Investors King

Despite over 27 billion shares worth over N191 billion transactions performed in Union Bank of Nigeria earlier this week, the Nigerian Exchange Limited (NGX) continues to decline.

Activity level dropped on Tuesday at the Exchange as investors traded 318,278,141 shares worth N3.714 billion in 5,190 transactions, against 27,564,562,311 shares worth N194.356 billion that exchanged hands in 4,586 deals on Monday.

Transcorp led the most traded stocks with 86,743,395 valued at N111,727,410.44. This was followed by Jaiz Bank’s 22,765,697 shares worth N20,250,949.55.

Market value of all listed equities declined by another N421 billion following an N169 billion decline recorded on Monday. The market value depreciated from N28.989 trillion it settled on Monday to N28.568 trillion on Tuesday.

While NGX All-Share Index declined by 1.45% to  52,990.28 index points. See other details below.

Top Gainers

Symbols Last Close Current Change %Change
TRANSCOHOT N 5.85 N 6.25 0.40 6.84 %
CHAMPION N 3.76 N 3.95 0.19 5.05 %
CWG N 0.99 N 1.04 0.05 5.05 %
ETI N 11.90 N 12.50 0.60 5.04 %
LASACO N 1.04 N 1.09 0.05 4.81 %

Top Losers

Symbols Last Close Current Change %Change
NB N 69.30 N 62.40 -6.90 -9.96 %
NNFM N 11.70 N 10.55 -1.15 -9.83 %
JAPAULGOLD N 0.33 N 0.30 -0.03 -9.09 %
PRESTIGE N 0.43 N 0.40 -0.03 -6.98 %
MULTIVERSE N 0.21 N 0.20 -0.01 -4.76 %

Top Trades

Symbols Volume Value
TRANSCORP 86743395.00 111727410.44
JAIZBANK 22765697.00 20250949.55
SOVRENINS 20021474.00 5026543.95
FCMB 19757241.00 68504710.22
STERLNBANK 17169726.00 25707768.19

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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